News

UOB prices US$500 million 2.25% fixed rate senior notes

UOB prices US$500 million 2.25% fixed rate senior notes

UOB announced that it intends to issue US$500 million 2.25% fixed rate senior notes due 2017.

Banks’ asset quality is as good as it gets: CIMB

And this is the key negative for Singapore’s banking sector.

Currency Briefing - what you need to know for Thurs March 1, 2012

Singapore dollar showed resilience and avoided a steeper decline.

Singapore Markets Morning Briefing - what you need to know for Thurs March 1, 2012

There was retreat on Wall Street amidst the STI's mini-recovery.

DBS' smashing US$ deposits revealed

US$ deposits grew by S$6.3bn and the US$ funding gap shrunk to S$21bn.

Cosco’s new orders to yield low to mid-single digit gross margins

Excluding the four options, the new contract will lift Cosco’s YTD new orders to US$305m.

UOB's soaring credit costs drag its growth

But the bank's strong net interest income was spurred by an upturn in margins.

Standard Chartered Bank posts record income of US$2b in FY11

Thanks to its consumer and wholesale banking business which accounted for 42% and 58% of the income, consecutively.

Which sectors saw the steepest DC rate drops?

Development charges for sectors 100, 103 and 104 has been reduced 14.3% due to flagging bid prices.

Why Singapore businesses need to put Asia first

Before long Asia will shed its role as a low cost production source and mature into a lucrative market.

Stiffer competition to pester Noble Group

This plus a greater aversion to risk will counter its rebound momentum, says DBS.

City Developments' net profit up 2% to $798.6m in 2011

The group sold a total of 1,818 residential units valued at a whopping $1.76 billion last year.

Yanlord Land’s revenue up 21.7% in FY2011

The company’s revenue surged by almost 400% in 4Q11 alone.

Singaporean REITS rule in cross-border acquistions

S-REITS proved attractive to overseas investors but not to domestic ones which comprise only a third of the total shares as of Q411.

Some Asian corporates seen to default in 2012

Rated Asia Pacific (ex-Japan) non-financial corporates showed no defaults in 2011 compared to 2 in 2010; what’s the score in 2012?

Asian companies most keen to invest in Europe

The ongoing crisis in the eurozone is presenting more opportunities for M&A, but this time it is from East to West, a survey show.

100 economists calling for allowing of capital controls in Asia

Move could be a disaster for Singapore which relies on free and open trade.